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Explain some of the basic principles of cost management such as profits life cycle costs tangible and intangible costs and benefits direct and indirect costs reserves and so on?
Do your homework, kid.
Why distinguish direct costs from indirect costs?
It is done so to keep control on costs as direct costs are controllable while indirect costs are not.
What are the different types of addressing modes?
literal and absolute direct are the registers
How can one calculate indirect costs for a grant application?
To calculate indirect costs for a grant application, you can use a predetermined indirect cost rate provided by your organization or calculate it based on your organization's actual indirect costs. This rate is applied to the direct costs of the project to determine the total indirect costs to include in the grant application.
What is the formula for indirect cost rate?
The formula for the indirect cost rate is: [ \text{Indirect Cost Rate} = \frac{\text{Total Indirect Costs}}{\text{Total Direct Costs}} \times 100 ] This ratio expresses the indirect costs as a percentage of direct costs, allowing organizations to allocate indirect expenses to specific projects or departments effectively. Indirect costs typically include overhead expenses like utilities, administrative salaries, and rent.
What is the formula for calculating indirect cost rates?
The formula for calculating indirect cost rates is: Indirect Cost Rate = (Total Indirect Costs / Total Direct Costs) x 100%. This rate expresses the proportion of indirect costs in relation to direct costs, allowing organizations to allocate indirect expenses appropriately across various projects or departments. Indirect costs typically include overhead expenses such as administrative salaries, utilities, and facilities maintenance.
Why do managers consider direct costs to be more accurate then indirect costs?
Answer this question...why do managers cosider direct costs to be more accurate than indirect costs?
What is difference between direct addressing and indirect addressing in c plus plus?
Indirect addressing uses a pointer. Indirectly accessing the memory being pointed at is known as dereferencing. Direct addressing uses a variable's name or a reference to obtain the value.
Is direct cost same to indirect cost?
No direct costs and indirect costs are not same and opposite of each other.
What are the main characteristics of externalities?
an indirect cost, not seen on final price tag of costs and benefits. ex; resulting air pollution or water pollution
How is cost and benefits calculated?
Cost and benefits are calculated by quantifying the total expenses associated with a project or decision (costs) and the total gains or advantages it generates (benefits). Costs can include direct expenses, indirect expenses, and opportunity costs, while benefits can encompass both tangible and intangible returns. The net benefit is determined by subtracting total costs from total benefits, allowing for an assessment of the project's overall value. This analysis helps in making informed decisions by comparing alternatives and understanding the potential return on investment.
What are the stages of accounting for costs?
direct costs,indirect costs,sunk costs, Activity based costing.
